ITM Power's Consortium Awarded EUR32.4 Million Grant by CINEA
08 Octubre 2021 - 2:45AM
Noticias Dow Jones
By Sabela Ojea
ITM Power PLC on Friday said its Refhyne II consortium has been
awarded a grant of 32.4 million euros ($37.4 million) by the
European Climate, Infrastructure and Environment Executive Agency,
or CINEA, for the development of a 100-megawatt electrolyzer.
The energy storage and clean-fuel group said the electrolyzer
will be located at Royal Dutch Shell PLC's Energy and Chemicals
Park in Germany.
The Refhyne II consortium comprises Shell Deutschland GmbH, ITM
Power and ITM Power GmbH, Linde Engineering, ITM Linde Electrolysis
GmbH, Fundacion Tecnalia Research and Innovation, Element Energy
and Concawe, and is coordinated by Sintef AS, ITM Power said.
Shares at 0706 GMT were up 3.20 pence, or 0.8%, at 386.60
pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 08, 2021 03:30 ET (07:30 GMT)
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